Business
AGM Notice, Share Consolidation, Investing Policy
Caledonian Holdings PLC has announced its Annual General Meeting, scheduled for May 11, 2026, where shareholders will vote on a proposed 1 for 1000 share consolidation and a revised investing policy. The company also plans to acquire 100% of Aspire, a financial services and payments infrastructure firm, which is contingent on shareholder approval of the new investing policy allowing majority ownership. Additionally, resolutions will be presented to renew allotment authorities for the AlbaCo investment, approve a £3.5 million funding package with Yorkville, and authorize the use of ATM facilities and share incentive arrangements, potentially issuing up to 350,000,000 new ordinary shares through the ATM facilities and 13,000,000 new ordinary shares for incentive arrangements. The share consolidation aims to reduce share price volatility and make the company's shares more attractive to institutional investors, with 130,053,510,988 existing ordinary shares to be consolidated into approximately 130,053,511 new ordinary shares. Disclaimer*
About this update from Caledonian Holdings Plc.
20 April 2026 Caledonian Holdings PLC ("Caledonian" or "the Company") Notice of Annual General Meeting Proposed 1 for 1000 Share Consolidation Proposed change to investing policy Caledonian Holdings PLC (AIM:CHP), the AIM-quoted investing company focused on the financial services market, announces that the Company has posted a circular to shareholders containing a Notice of Annual General Meeting ("AGM"). The Company's AGM will be held at 11.00 a.m. on 11 May 2026 at the offices of Allenby Capital Limited, 5 St Helen's Place, London, EC3A 6AB. Full details of the proposed resolutions are set out in the circular that has been sent to shareholders in a letter from the directors of the Company (the "Board"), an extract of which is set out below as well as an expected timetable of principal events. The circular will also be made available shortly on the Company's website at: https://caledonianholdingsplc.com/. The resolutions proposed at the AGM include a resolution relating to a proposed 1 for 1000 share consolidation of the existing ordinary share capital of the Company and a resolution to approve the adoption by the Company of a revised investing policy. The proposed new investing policy is set out in full below. Capitalised terms in this announcement have the meaning ascribed to them in the Definitions section of the Circular. For further information, please contact: Caledonian Holdings plc Jim McColl, Executive Director Brent Fitzpatrick, Non-Executive Chairman Tel: +44 (0) 7950 389469 Allenby Capital Limited (Nominated Adviser) Tel: +44 (0) 20 3328 5656 Nick Athanas AlbR Capital Limited (Broker) Tel: +44 (0) 20 7469 0930 EXPECTED TIMETABLE OF PRINCIPAL EVENTS Event Timing Publication of the Circular (including Notice of Annual General Meeting) and Forms of Proxy 17 April 2026 Latest time and date for receipt of Forms of Proxy and electronic appointments of proxies via CREST 11.00 a.m. on 9 May 2026 Annual General Meeting 11.00 a.m. on 11 May 2026 Announcement of the results of the Annual General Meeting 11 May 2026 Record Date for the Share Consolidation 6.00 p.m. on 11 May 2026 Effective Date for the Share Consolidation Expected date on which New Ordinary Shares will be admitted to trading on A...
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